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Affordable
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These days, finding an affordable place to live in the 08221 area can be challenging. Home prices in 08221 are now at a median cost of $424,164, lower than the New Jersey average of $496,577.
The average cost of rent is $2,030/mo in 08221, primarily driven by the current value of real estate in the 08221 area. In 08221, 9.22% of households rent, and 38.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 08221 is $11,938 per month. Households that rent pay about 17.00% of their income on rent here. 08221’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 08225, NJ: less expensive homes
- 08244, NJ: less expensive homes
- 08403, NJ: higher priced homes
- 08234, NJ: less expensive homes
- 08402, NJ: higher priced homes
- 08232, NJ: less expensive homes
- 08406, NJ: equally priced homes
- 08226, NJ: higher priced homes
- 08201, NJ: less expensive homes
- 08401, NJ: less expensive homes
Zip Codes with Similar Populations
- 98569, WA: less expensive homes
- 93924, CA: higher priced homes
- 94028, CA: higher priced homes
- 07432, NJ: higher priced homes
- 07421, NJ: equally priced homes
- 95139, CA: higher priced homes
- 06249, CT: less expensive homes
- 02859, RI: less expensive homes
- 02718, MA: higher priced homes
- 98047, WA: higher priced homes
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